Ukraine Conflict: No Easy Answers for Diamond Business
May 12, 22 by Pranay NarvekarWar, in any form or for any reason, always has a catastrophic impact. This is true of the Ukraine conflict and the world has clearly expressed its deep sympathy for the country's people. War also can significantly upend businesses and their strategies, both locally as... Read More...
The Women of Lab Grown and the Next Gen Consumers
May 05, 22 by Marty HurwitzFor most of the modern history of the jewelry business, the vast majority of end users (consumers of the product) have been women. Simultaneously, the people controlling the fine jewelry supply pipeline have been men. With the recent explosion of the lab-grown ... Read More...
Cullinan Blue: Closest Thing to a World Beater
April 28, 22 by John JeffayIt came so close to being a world beater. But the largest blue diamond ever to be auctioned yesterday missed its place in the history books . . . by less than $70,000. The De Beers Cullinan Blue was sold after eight minutes of furious bidding at a single-lot auction at Sotheby's Hong Kong... Read More...
A New Way to Mine Diamonds
April 21, 22 by John JeffayThere have, traditionally, been two main ways to get diamonds out of the ground - open pit mining and underground mining. Now there's about to be a third. Canada's Ekati diamond mine is planning to flood an existing pit and use an underwater crawler to mine the ore... Read More...
Russian Diamonds: The Prisoner's Dilemma
April 13, 22 by Erez RivlinThe Russian invasion of Ukraine is changing the diamond industry's governing dynamics. The last time something similar happened was after 9/11, when the American Congress adopted the Patriot Act in October 2001. Global business fundamentals had to change including for the diamond and jewelry industries... Read More...
Diamond Workers Defending Ukraine
April 07, 22 by Yuliya KusherYou may have heard of Meylor Global. They made headlines in January with news that they'd produced the world's biggest lab grown diamond, certified by IGI at 150.42 carats. It broke a record set by the same company in September 2020, with a 115.65-carat stone. What you probably didn't realize ... Read More...
What's a Responsible Response to Alrosa?
March 30, 22 by John JeffayAlrosa proudly announced its membership of the Responsible Jewellery Council (RJC) in September 2016, having met "the highest ethical, human rights, social and environmental standards". That accolade rings somewhat hollow today, after the Russian government - one-third owner... Read More...
It's not just Blood Diamonds, it's World War Diamonds
March 24, 22 by Erez RivlinFor the first time since the Second World War, the diamond industry must choose sides and act immediately to find a way to save itself during these historical times. Putin has never had such a decisive Western opposition in any of his previous military adventures. Read More...
Sanctions, What Sanctions?
March 17, 22 by John JeffayThe US has imposed sanctions on Russian diamonds. If the headlines are to be believed. "Key supply of diamonds caught up in Russia sanctions," said CNN, after President Joe Biden issued his executive order last Friday. "US to ban Russian diamond and vodka imports," Read More...
Blood Diamonds, Blood Oil
March 10, 22 by John JeffayFirst it was blood diamonds, now it's blood oil. Blood diamonds fuelled civil wars in Angola, Ivory Coast, Liberia and the Democratic Republic of Congo in the 1990s. Today Russia stands accused of funding its invasion of Ukraine with what critics are calling blood oil. On Tuesday, US President Joe Biden announced an import ban... Read More...
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